Page 45 - Inflation

Govt hikes DA, DR for central govt employees to 42% of basic pay

The move will benefit about 4.8 million central government employees and 6.9 million pensioners. The decision will be effective from 1 January, 2023

India pitches for ratings upgrade at meeting with representatives of Fitch

Fitch currently rates India's long-term sovereign debt at BBB- with a stable outlook

Maruti to hike prices from April amid continued rise in input costs

This is Maruti's second price increase this year

Without reforms, the country could see hyperinflation: IMF warns Lebanon

The International Monetary Fund gave a grim assessment on Thursday of Lebanon's prospects for getting out of its deepening financial crisis, saying that without reforms, the country is headed for hyperinflation. Since late 2019, tiny Lebanon has fallen into the worst economic crisis in its modern history, rooted in decades of corruption and mismanagement by a political class that has ruled the country since the end of the 1975-90 civil war. Three-quarters of Lebanon's population of over 6 million, including a million Syrian refugees, now lives in poverty and inflation is soaring. Ernesto Ramirez Rigo, the head of the IMF mission visiting Lebanon, said at a news conference on Thursday that continued inaction by Lebanese leaders would leave the nation in a never-ending crisis in which it could spiral into hyperinflation, affecting the quality of life of many Lebanese for years to come. The IMF visit came as progress towards finalizing a sorely needed IMF bailout package for the ...

Bank of England raises interest rates again, sees inflation shock fading

BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster

Sensex snaps 2-day winning run, slips 289pts; Nifty below 17100; banks fall

CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks

Overestimation of inflation in Jan, Feb? RBI cites NSO methodology

It points to a sharp divergence in inflation in the cereals sub-group

India better placed than most to face turmoil, says RBI report

'Core inflation defies softening of input costs'

Will the global economy bend or break?

What's different this time is that global financial stress - which has its genesis in four policy choices made in recent years - is juxtaposed with a more resilient real economy

Inflation likely to be determined by heatwaves, El Nino: Monthly eco review

Govt has said that the inflation trajectory is likely to be determined by extreme weather conditions like heatwaves and the possibility of an El Nino year, volatility in international commodity prices

Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine

CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment

US banking crisis: Key interest rates suggest RBI may go slow on tightening

The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB

Some fodder for thought

Uptrend in milk prices can be attributed chiefly to the steadily worsening shortage and the resultant surge in the prices of fodder and feed, accounting for nearly 65% of the cost of milk production

Rural recovery, price cuts to drive volume gains for consumer companies

It's 'rule Britannia' for brokerages; analysts divided on extent of margin gains

OECD raises India's FY24 growth forecast by 20 basis points to 5.9%

OECD expects India's gross domestic product (GDP) to grow at 6.9 per cent in FY23 against 7 per cent estimated by the Central Statistical Organisation

FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip

CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer

She further added that India's inflation was not due to excessive demand and so there is much less tightening needed than the US

Global environment gloomier, India to grow at 6% next year: CRISIL

CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months

Former RBI dy governor says pricing power of 'Big 5' driving core inflation

Viral Acharya says the Big5--Reliance, Tata, Aditya Birla, Adani and Bharti--are growing less at the expense of the small fries than at that of the next five big firms

No breather for stock markets as US bank crisis weighs on sentiment

Sensex, Nifty fall for 4th day to hit fresh five-month lows